Breaking News: One of the "Big 3" pleas for help on Youtube. Is it a loan or a bail out that they are begging now?
Carlos Gutierrez, Treasury Secretary, said no. None of the $700B should be used to bail out the "Big 3" And GM is already making plea on Youtube for us to bail it! There is something very strange about using our money to solve badly managed businesses in America.
Steven Shue via "Ambrose Aban" Facebook:
"Bail out. And it won't stop with $25B. The US auto industry failed and we're being told to prop them up to produce more failed products. When will they get a clue? The government needs to make it very painful for the companies to get money. Lots of strings attached, such as executive pay cuts, firing of executives who put them in this mess, and a complete overhaul of their culture."
Steven Shue via "Ambrose Aban" Facebook:
"Bail out. And it won't stop with $25B. The US auto industry failed and we're being told to prop them up to produce more failed products. When will they get a clue? The government needs to make it very painful for the companies to get money. Lots of strings attached, such as executive pay cuts, firing of executives who put them in this mess, and a complete overhaul of their culture."
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